Navigating CD Interest Rates: Insights from the Next Fed Meeting to the Best Rates Today
CD interest rates are currently at their highest in years, with rates over 5.5% available online. The Federal Reserve's upcoming meeting at the end of October may result in another rate hike, which could influence CD rates. Experts predict that CD rates will likely remain consistent or slightly higher for the remainder of 2023. Even a slight increase in CD rates can be beneficial for savers, especially for those making substantial deposits. CD rates are currently a good option for savers looking to protect and grow their money in the current rate environment.